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• Speeial-Revemte-Funds—Mest-ef-these-fand-s-wilt-be-desigHated-fec-speeifietufreses-and-the <br /> .designated fund balances should be <br /> Debt Service Funds Most of these funds will be-reserved.fer debt service and the undcsignatcd fend <br /> balance should be„ <br /> the project. <br /> Enterprise Funds—It is expected that unrestricted net assets will be large. These funds have large <br /> investment in infrastructure that needs to be maintained. The City will periodically complete a rate study <br /> for these funds to ensure rates and unrestricted net assets are sufficient to operate and maintain these <br /> activities. <br /> Review and Approval <br /> The fund balance policy shall be formally approved and adopted by resolution of the City Council and <br /> any future changes to the policy must be approved by the City Council. <br /> I Approval by the City Council the 28th Day of ,November,208511. <br /> • <br /> avid <br /> Grant,Mayor ATTEST: Date <br /> Jim Willis,InterimPatrick Klaers,City Administrator Date <br /> • P:\Finance\Policies and Procedures\Policies\Fund Balance Policy-2011.docP:\Finanoe\Polioies <br /> and P eeed„«,ems\Dol;cies1F,,..f1 R lance Policy,doe <br /> Last pr:,,ted 1 1 i10/2nl 1 -1:31 DMAdopted 11/28/2011 <br />